---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-028001"
form_type: "8-K"
ticker: "MIND"
cik: "0000926423"
company_name: "MIND TECHNOLOGY, INC"
filed_at: "2024-08-29T23:59:59+00:00"
generated_at: "2026-05-31T07:05:29.101898+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# MIND shareholders approve conversion of preferred stock into common at 3.9:1 ratio

## Summary
- Preferred stockholders approved amendment to convert each Series A share into 3.9 common shares at Board's discretion.
- Over two-thirds of outstanding preferred shares voted in favor; 89% of votes cast supported the proposal.
- Board may file amendment with Delaware Secretary of State any time before October 31, 2024.
- CEO Rob Capps says conversion would provide flexibility to create value for all stakeholders.
- Conversion, if effected, would dilute existing common stock but eliminate preferred dividend obligation.

## SEC filing metadata
- accession: 0001437749-24-028001
- form_type: 8-K
- ticker: MIND
- cik: 0000926423
- company_name: MIND TECHNOLOGY, INC
- filed_at: 2024-08-29T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.07, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/926423/000143774924028001/0001437749-24-028001-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/926423/000143774924028001/mind20240828_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-028001
- JSON: https://secwatch.observer/filing/0001437749-24-028001.json
- Plain text: https://secwatch.observer/filing/0001437749-24-028001.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.